Daily Digest

Daily Digest 4/8 - Time To Panic About Europe (Again), African Agriculture: Dirt Poor, Is Fracking Endangering U.S. Water?

Sunday, April 8, 2012, 10:41 AM
  • Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided
  • It's Time To Panic About Europe Again
  • After a Winter of Strong Gains, Job Growth Ebbs
  • For Two Food Giants, Defining Fresh Fruit Is Not Cut and Dried
  • Energy Dept. to Revitalize a Loan Guarantee Program
  • Buried Secrets: Is Natural Gas Drilling Endangering U.S. Water Supplies?
  • Fracking at Drinking Water Source for 80,000 Pennsylvanians Raises Alarms
  • African Agriculture, Dirt Poor

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided (Sandy S.)

As mentioned above, notice the mini-parabolic up-move in silver immediately prior to massive raid to draw in new suckers (longs) to add firepower to the smash as they are forced to puke their positions moments later as stop-losses are taken out.

It's Time To Panic About Europe Again (jdargis)

Simply put, Europe’s current institutions are unworkable. The aim of kicking the can down the road must be to create better ones. Before the crisis, capital flowed from Germany (and to an extent small countries such as Austria, Finland, and the Netherlands) into the so-called “peripheral” countries. By importing capital, the peripheral countries were able to import more than they exported, and their citizens consumed more than they saved. In Greece and Portugal, this entailed a great deal of government borrowing, but in Spain and Ireland, the borrowing was largely in the private sector. Then came a loss of confidence in the soundness of this lending, and the capital stopped flowing in.

After a Winter of Strong Gains, Job Growth Ebbs (jdargis)

The economic outlook abroad is worrisome. Global stock markets grew skittish this week as the ballooning debt and a weak bond offering in Spain raised the specter of a deepening slump in Europe. The United States stock market has also had several days of declines after a strong first-quarter performance. Ben S. Bernanke, chairman of the Federal Reserve, has tried to temper expectations and noted in a speech last month that the “better jobs numbers seem somewhat out of sync with the overall pace of economic expansion.”

For Two Food Giants, Defining Fresh Fruit Is Not Cut and Dried (jdargis)

Fresh Del Monte argues that by selling those products in the produce section — sometimes with the words “must be refrigerated” on the labels — Del Monte Foods is misleading and confusing consumers, who may mistake the contents of the packages for fresh fruits.

If the products need to be refrigerated to prevent spoiling, Fresh Del Monte argued in its court filings, they would be fresh fruit under the terms of the licensing agreement.

Energy

Energy Dept. to Revitalize a Loan Guarantee Program (jdargis)

Usually, applicants under the 2005 program have to pay a fee upfront, called a credit subsidy, to compensate the government for the risk it runs by guaranteeing such a loan. Those fees can be costly, and few companies have applied. But the Energy Department said on Thursday that it had $170 million, approved under the budget deal of April 2011, that it would use to pay all or part of those subsidies.

Environment

Buried Secrets: Is Natural Gas Drilling Endangering U.S. Water Supplies? (jdargis)

An investigation by ProPublica, which visited Sublette County and six other contamination sites, found that water contamination in drilling areas around the country is far more prevalent than the EPA asserts. Our investigation also found that the 2004 EPA study was not as conclusive as it claimed to be. A close review shows that the body of the study contains damaging information that wasn't mentioned in the conclusion. In fact, the study foreshadowed many of the problems now being reported across the country.

Fracking at Drinking Water Source for 80,000 Pennsylvanians Raises Alarms (jdargis)

Neighboring New York State, which has yet to tap the Marcellus Shale, recently proposed such rules to ban hydrofracking in watersheds and aquifers that supply drinking water. But in Pennsylvania an all-out prohibition will likely meet resistance from some policymakers and the gas industry.

African Agriculture, Dirt Poor (jdargis)

Agricultural experts worry that Africa's soil problems are heading towards a crisis. “The future picture is dire,” says Dennis Garrity, chief executive of the World Agroforestry Centre (ICRAF), headquartered in Nairobi. “Producing more food for a growing population in the coming decades, while at the same time combating poverty and hunger, is a huge challenge facing African agriculture.”

Article suggestions for the Daily Digest can be sent to dd@PeakProsperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

KugsCheese's picture
KugsCheese
Status: Platinum Member (Offline)
Joined: Jan 2 2010
Posts: 562
bad links

The last two links under ECONOMY  are bad as they have the http://www.peakprosperity.com prefixed.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2468
Iran Halts Greek Oil Sales, May Cut Crude to Shell

Iran Halts Greek Oil Sales, May Cut Crude to Shell

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2071
The Easter Crucifiction.

It looks at 2200hrs that from the manipulators point of view gold has an inertia that silver does not.

What can this mean? How about this?

The physical gold market market is ignoring the paper plays in gold because the major use of gold is as a store of value. On the other hand the consumers of silver (industry) are not in the business of market analysis and take the price on face value. They do not lift the veil of deceit and see the paper stuffing.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 2715
Re: Fracking at Drinking Water... article

Just a small correction:

Quote:
Neighboring New York State, which has yet to tap the Marcellus Shale,...

NY has "tapped" the Marcellus Shale formation for the past century or so.  What the article apparently meant to say is that fracking in horizontal wells is thus far banned in NY.  I can show you several wells within a mile of my house. Many have been drilled in the past few years.

Doug

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